CANADA LIFE ASSURANCE Co Acquires 18,778 Shares of Monster Beverage Co. (NASDAQ:MNST)

CANADA LIFE ASSURANCE Co grew its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 623,853 shares of the company's stock after purchasing an additional 18,778 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.06% of Monster Beverage worth $32,772,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock worth $28,000 after buying an additional 203 shares during the period. Bleakley Financial Group LLC grew its holdings in Monster Beverage by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock worth $714,000 after purchasing an additional 203 shares during the period. CWA Asset Management Group LLC increased its stake in Monster Beverage by 3.1% in the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company's stock valued at $367,000 after purchasing an additional 213 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Monster Beverage by 1.9% during the fourth quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company's stock valued at $622,000 after purchasing an additional 217 shares during the period. Finally, Level Four Advisory Services LLC boosted its position in shares of Monster Beverage by 4.6% during the 4th quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company's stock worth $263,000 after purchasing an additional 220 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Truist Financial upped their price target on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday. UBS Group upped their target price on Monster Beverage from $57.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Needham & Company LLC reissued a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Morgan Stanley lifted their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Monster Beverage presently has an average rating of "Hold" and a consensus price target of $57.89.

Insider Transactions at Monster Beverage

In other Monster Beverage news, insider Guy Carling sold 47,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the sale, the insider now owns 21,993 shares in the company, valued at $1,210,054.86. This represents a 68.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.27, for a total value of $552,700.00. Following the completion of the transaction, the chief financial officer now owns 72,273 shares of the company's stock, valued at approximately $3,994,528.71. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 208,316 shares of company stock worth $11,484,440. 7.80% of the stock is owned by company insiders.

Monster Beverage Stock Performance

MNST traded down $0.48 during trading on Thursday, hitting $58.61. 1,197,662 shares of the company traded hands, compared to its average volume of 7,051,082. Monster Beverage Co. has a one year low of $43.32 and a one year high of $60.34. The stock's fifty day moving average is $56.11 and its 200 day moving average is $53.30. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The firm has a market cap of $57.04 billion, a P/E ratio of 37.56, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.80 billion. As a group, equities analysts predict that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Monster Beverage Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.